🚀 XRPL's network activity is booming! Active addresses & transactions up 37% & 113% QoQ, respectively. 📈

• A lot of this activity comes from ~45k accounts, sending over 30M transactions, mostly for inscriptions.

• Inscriptions, popular on Bitcoin since early '23, have now spread to other networks like XRPL, causing big activity spikes.

XRPL's resilience is impressive! 💪

• Handled 80 transactions/sec for a whole day without network issues.

• Total accounts rose by 150k, a 3.1% increase to 5.15M.

DeFi & Stablecoins on XRPL:

• Total market cap of fungible tokens fell 16% QoQ to $142M.

• Sologenic (SOLO) leads the pack, making up 42% of total market cap.

• Stablecoins & wrapped tokens are popular, with Gatehub & Xumm providing 14 digital assets on XRPL.

Ripple's recent announcement to launch a USD-pegged stablecoin on XRPL & Ethereum could be a game-changer. 💵

What's your take on XRPL's growth? Let's chat below! 👇 #XRPL #DeFi